7 Use Cases For Bitcoin Most People Don’t Realize
It’s not just numbers go up
Many people still think Bitcoin is a speculative investment with no use case or intrinsic value.
This is understandable considering how little knowledge the general public has about the protocol and the fundamentals of the Bitcoin network.
It’s easy to criticize something we don’t fully understand especially when all the media does is write FUD about it. I’m old enough to remember when the internet was a dangerous and useless tool that will never succeed, according to “the experts”
Ignorance is bliss. Understanding Bitcoin is not easy and given the number of lies spread by institutions with a vested interest, it’s no wonder how the perception of Bitcoin is still negative.
Here are some of the most common objections about Bitcoin and their counterarguments.
Bitcoin consumes electricity. True, but so do Christmas lights, watching tv, or standby devices. Banking is several orders of magnitude more wasteful than Bitcoin while being less effective in securing and transferring money.
Bitcoin is money for criminals. In 2022, 98% of illegal transactions were conducted in dollars and less than 1% in Bitcoin. Should we ban dollars?
